First Dallas Securities Inc. Acquires 111 Shares of The Home Depot, Inc. (NYSE:HD)

First Dallas Securities Inc. increased its holdings in The Home Depot, Inc. (NYSE:HD) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,718 shares of the home improvement retailer’s stock after buying an additional 111 shares during the quarter. Home Depot comprises approximately 1.3% of First Dallas Securities Inc.’s portfolio, making the stock its 19th biggest position. First Dallas Securities Inc.’s holdings in Home Depot were worth $3,001,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HD. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot in the fourth quarter worth $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at $33,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Home Depot in the 1st quarter worth $38,000. Burkett Financial Services LLC purchased a new position in Home Depot during the fourth quarter valued at $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HD. TD Cowen lowered their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Truist Financial cut their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Raymond James restated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Finally, Stifel Nicolaus cut their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Trading Down 1.2 %

Home Depot stock traded down $4.33 during midday trading on Thursday, reaching $360.34. The stock had a trading volume of 508,350 shares, compared to its average volume of 3,400,532. The firm has a market cap of $357.32 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The company has a fifty day moving average of $356.55 and a 200 day moving average of $354.06. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.65 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.